Content about Shareholder

June 13, 2014

It looks like Sycamore Partners, which owns approximately 9.9% of Express’ outstanding shares, is interested in acquiring the retailer.

It looks like Sycamore Partners, which owns approximately 9.9% of Express’ outstanding shares, is interested in acquiring the retailer.

Express confirmed that it has received a letter from Sycamore and has established a special committee of the board to determine a course of action that serves the best interest of all stockholders. The retailer has also engaged Perella Weinberg Partners LP and Sullivan & Cromwell LLP as advisers to itself and the special committee.

October 31, 2012

Office Depot's board of directors have approved a rights agreement and declared a dividend distribution of one preferred stock purchase right for each outstanding share of company common stock.

BOCA RATON, Fla. — Office Depot's board of directors have approved a rights agreement and declared a dividend distribution of one preferred stock purchase right for each outstanding share of company common stock. Each right initially represents the right to purchase 1/5,000th of a share of company preferred stock at $11.50. Also, initially, these purchase rights will not be exercisable and will trade with the shares of the company’s common stock. The rights agreement will expire on Oct. 23, 2013.

May 3, 2012

It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

NEW YORK — It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

April 21, 2011

It has become something of a tradition at Walmart’s annual meeting that shareholders are asked to consider a number of proposals, which the board of directors typically recommends shareholders reject. It appears likely that will be the case again this year when the shareholders’ meeting is held on June 3 and five proposals are on the ballot.

It has become something of a tradition at Walmart’s annual meeting that shareholders are asked to consider a number of proposals, which the board of directors typically recommends shareholders reject. It appears likely that will be the case again this year when the shareholders’ meeting is held on June 3 and five proposals are on the ballot.

March 30, 2011

STEVENSON, Md. — The law firm of Brower Piven on Tuesday announced that a class action lawsuit has commenced in the Delaware Chancery Court on behalf of all shareholders of Drugstore.com, alleging violations of state law by the company’s board of directors relating to the proposed acquisition by Walgreens.

The complaint alleged that Drugstore.com's board of directors breached their fiduciary duties by failing to maximize shareholder value, among other things.